Why is Billing System Corp. ?
1
High Management Efficiency with a high ROE of 13.57%
2
Company has very low debt and has enough cash to service the debt requirements
3
Healthy long term growth as Net Sales has grown by an annual rate of 9.51%
4
With a growth in Net Profit of 33.92%, the company declared Outstanding results in Mar 26
- The company has declared positive results for the last 2 consecutive quarters
- ROCE(HY) Highest at 17.07%
- DEBT-EQUITY RATIO (HY) Lowest at -901.13 %
- RAW MATERIAL COST(Y) Fallen by -23.55% (YoY)
5
With ROE of 15.16%, it has a fair valuation with a 2.26 Price to Book Value
- The stock is trading at a premium compared to its peers' average historical valuations
- Over the past year, while the stock has generated a return of 0.80%, its profits have risen by 11.4% ; the PEG ratio of the company is 1.3
How much should you buy?
- Overall Portfolio exposure to Billing System Corp. should be less than 10%
- Overall Portfolio exposure to Miscellaneous should be less than 30%
(If sector exposure > 30%, please use optimiser tool to see which are the best stocks to hold in Miscellaneous)
When to exit? - We will constantly monitor the company and suggest at the appropriate time to exit from the stock
Is Billing System Corp. for you?
Low Risk, Low Return
Absolute
Risk Adjusted
Volatility
Billing System Corp.
0.48%
-0.01
31.49%
Japan Nikkei 225
88.41%
3.25
27.24%
Quality key factors
Factor
Value
Sales Growth (5y)
9.51%
EBIT Growth (5y)
23.18%
EBIT to Interest (avg)
100.00
Debt to EBITDA (avg)
0
Net Debt to Equity (avg)
-8.31
Sales to Capital Employed (avg)
1.36
Tax Ratio
31.87%
Dividend Payout Ratio
39.77%
Pledged Shares
0
Institutional Holding
0
ROCE (avg)
0
ROE (avg)
13.57%
Valuation Key Factors 
Factor
Value
P/E Ratio
15
Industry P/E
Price to Book Value
2.26
EV to EBIT
-32.03
EV to EBITDA
-30.03
EV to Capital Employed
0.84
EV to Sales
-4.56
PEG Ratio
1.31
Dividend Yield
NA
ROCE (Latest)
-2.62%
ROE (Latest)
15.16%
Technical key factors
Indicator
Weekly
Monthly
MACD
Bearish
Bearish
RSI
No Signal
No Signal
Bollinger Bands
Mildly Bearish
Bearish
Moving Averages
Bearish (Daily)
KST
Bearish
Bearish
Dow Theory
No Trend
Mildly Bearish
OBV
No Trend
Mildly Bearish
Technical Movement
23What is working for the Company
ROCE(HY)
Highest at 17.07%
DEBT-EQUITY RATIO
(HY)
Lowest at -901.13 %
RAW MATERIAL COST(Y)
Fallen by -23.55% (YoY
CASH AND EQV(HY)
Highest at JPY 55,578.56 MM
NET SALES(Q)
Highest at JPY 1,371.06 MM
OPERATING PROFIT(Q)
Highest at JPY 285.18 MM
OPERATING PROFIT MARGIN(Q)
Highest at 20.8 %
PRE-TAX PROFIT(Q)
Highest at JPY 283.83 MM
NET PROFIT(Q)
Highest at JPY 181.19 MM
EPS(Q)
Highest at JPY 28.91
0What is not working for the Company
NO KEY NEGATIVE TRIGGERS
Here's what is working for Billing System Corp.
Debt-Equity Ratio
Lowest at -901.13 % and Grown
In each half year in the last five Semi-Annual periodsMOJO Watch
The company has been reducing its borrowing as compared to equity capital
Debt-Equity Ratio
Net Sales
Highest at JPY 1,371.06 MM
in the last five periodsMOJO Watch
Near term sales trend is positive
Net Sales (JPY MM)
Net Sales
At JPY 1,371.06 MM has Grown at 20.62%
over average net sales of the previous four periods of JPY 1,136.68 MMMOJO Watch
Near term sales trend is positive
Net Sales (JPY MM)
Operating Profit
Highest at JPY 285.18 MM
in the last five periodsMOJO Watch
Near term Operating Profit trend is positive
Operating Profit (JPY MM)
Operating Profit Margin
Highest at 20.8 %
in the last five periodsMOJO Watch
Company's profit margin has improved
Operating Profit to Sales
Pre-Tax Profit
Highest at JPY 283.83 MM
in the last five periodsMOJO Watch
Near term Pre-Tax Profit trend is positive
Pre-Tax Profit (JPY MM)
Pre-Tax Profit
At JPY 283.83 MM has Grown at 74.37%
over average net sales of the previous four periods of JPY 162.77 MMMOJO Watch
Near term Pre-Tax Profit trend is positive
Pre-Tax Profit (JPY MM)
Net Profit
Highest at JPY 181.19 MM
in the last five periodsMOJO Watch
Near term Net Profit trend is positive
Net Profit (JPY MM)
Net Profit
At JPY 181.19 MM has Grown at 60.83%
over average net sales of the previous four periods of JPY 112.66 MMMOJO Watch
Near term Net Profit trend is positive
Net Profit (JPY MM)
EPS
Highest at JPY 28.91
in the last five periodsMOJO Watch
Increasing profitability; company has created higher earnings for shareholders
EPS (JPY)
Cash and Eqv
Highest at JPY 55,578.56 MM
in the last six Semi-Annual periodsMOJO Watch
Short Term liquidity is improving
Cash and Cash Equivalents
Raw Material Cost
Fallen by -23.55% (YoY)
MOJO Watch
The company's ability to pass on the cost of raw materials to customers has improved; this may lead to a rise in profit margin
Raw Material Cost as a percentage of Sales






